Equity, Noncontrolling Interests and Comprehensive Income

9 Months Ended

Sep. 30, 2011

Stockholders Equity Note [Abstract]

Stockholders Equity Note Disclosure [Text Block]

Note 9 – Equity, Noncontrolling Interest and Comprehensive Income

The following table presents the changes in equity, noncontrolling interest and comprehensive income for the three and nine months ended September 30, 2011 and 2010:

									Accumulated
					Capital in				Other
			Common		Excess of		Retained		Comprehensive		Noncontrolling		Comprehensive
			Stock		Par Value		Earnings		Income (Loss)		Interest		Income		Total
Balance at June 30, 2011			$	12,823	$	87,249	$	158,998	$	(5,507)	$	8,142			$	261,705
	Net income			0		0		13,358				447	$	13,805
	Currency translation adjustments			0		0		0		(13,042)		(894)		(13,936)
	Defined benefit retirement plans			0		0		0		(637)		0		(637)
	Current period changes in fair value of derivatives			0		0		0		112		0		112
	Unrealized loss on available-for-sale securities			0		0		0		(23)		0		(23)
		Comprehensive loss												(679)		(679)
		Comprehensive income attributable to
		noncontrolling interest												447
		Comprehensive loss attributable to
		Quaker Chemical Corporation											$	(232)
	Dividends ($0.24 per share)			0		0		(3,091)		0		0				(3,091)
	Share issuance and equity-based compensation plans			52		1,252		0		0		0				1,304
	Excess tax benefit from stock option exercises			0		(9)		0		0		0				(9)
Balance at September 30, 2011			$	12,875	$	88,492	$	169,265	$	(19,097)	$	7,695			$	259,230
Balance at June 30, 2010			$	11,259	$	32,798	$	136,497	$	(20,070)	$	6,063			$	166,547
	Net income			0		0		6,340				517	$	6,857
	Currency translation adjustments			0		0		0		11,085		493		11,578
	Defined benefit retirement plans			0		0		0		862		0		862
	Current period changes in fair value of derivatives			0		0		0		191		0		191
	Unrealized loss on available-for-sale securities			0		0		0		13		0		13
		Comprehensive income												19,501		19,501
		Comprehensive loss attributable to
		noncontrolling interest												(1,010)
		Comprehensive income attributable to
		Quaker Chemical Corporation											$	18,491
	Dividends ($0.235 per share)			0		0		(2,676)		0		0				(2,676)
	Share issuance and equity-based compensation plans			117		2,757		0		0		0				2,874
	Excess tax benefit from stock option exercises			0		176		0		0		0				176
Balance at September 30, 2010			$	11,376	$	35,731	$	140,161	$	(7,919)	$	7,073			$	186,422

									Accumulated
					Capital in				Other
			Common		Excess of		Retained		Comprehensive		Noncontrolling		Comprehensive
			Stock		Par Value		Earnings		Income (Loss)		Interest		Income		Total
Balance at December 31, 2010			$	11,492	$	38,275	$	144,347	$	(13,736)	$	6,721			$	187,099
	Net income			0		0		33,799		0		1,791	$	35,590
	Currency translation adjustments			0		0		0		(5,642)		(817)		(6,459)
	Defined benefit retirement plans			0		0		0		12		0		12
	Current period changes in fair value of derivatives			0		0		0		286		0		286
	Unrealized gain on available-for-sale securities			0		0		0		(17)		0		(17)
		Comprehensive income												29,412		29,412
		Comprehensive loss attributable to
		noncontrolling interest												(974)
		Comprehensive income attributable to
		Quaker Chemical Corporation											$	28,438
	Dividends ($0.71 per share)			0		0		(8,881)		0		0				(8,881)
	Stock offering, net of related expenses			1,265		46,878		0		0		0				48,143
	Share issuance and equity-based compensation plans			118		3,186		0		0		0				3,304
	Excess tax benefit from stock option exercises			0		153		0		0		0				153
Balance at September 30, 2011			$	12,875	$	88,492	$	169,265	$	(19,097)	$	7,695			$	259,230
Balance at December 31, 2009			$	11,086	$	27,527	$	123,140	$	(10,439)	$	4,981			$	156,295
	Net income			0		0		24,912				1,716	$	26,628
	Currency translation adjustments			0		0		0		629		376		1,005
	Defined benefit retirement plans			0		0		0		1,400		0		1,400
	Current period changes in fair value of derivatives			0		0		0		487		0		487
	Unrealized loss on available-for-sale securities			0		0		0		4		0		4
		Comprehensive income												29,524		29,524
		Comprehensive loss attributable to
		noncontrolling interest												(2,092)
		Comprehensive income attributable to
		Quaker Chemical Corporation											$	27,432
	Dividends ($0.70 per share)			0		0		(7,891)		0		0				(7,891)
	Share issuance and equity-based compensation plans			290		5,910		0		0		0				6,200
	Excess tax benefit from stock option exercises			0		2,294		0		0		0				2,294
Balance at September 30, 2010			$	11,376	$	35,731	$	140,161	$	(7,919)	$	7,073			$	186,422

During the first nine months of 2011, the Company recorded $153 of excess tax benefits in capital in excess of par value on its Condensed Consolidated Balance Sheet, related to stock option exercises. During the first nine months of 2010, the Company recorded $2,294of these benefits. Prior to the first quarter of 2010, the Company's actual taxable income in affected jurisdictions was not sufficient to recognize these benefits, while the Company's full-year 2010 taxable income was sufficient to recognize these benefits. As a result, the Company recognized these benefits as a cash inflow from financing activities in its Condensed Consolidated Statement of Cash Flows which represents the Company's estimate of cash savings through September 30, 2011 and 2010, respectively.

The Company sold 1,265,000 shares of its common stock during the second quarter of 2011. The Company received proceeds of $48,143, net of related offering expenses, commissions and underwriting fees. The Company used the proceeds to repay a portion of its revolving credit line during the second quarter of 2011.